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Why most people struggle with money? || Acharya Prashant, with Youth (2022)
28.7K views
3 years ago
Spirituality
Economics
Value System
Wisdom
Decision Making
Materialism
Shri Krishna
Right Action
Description

Acharya Prashant addresses a question about the relationship between economics and spirituality. He begins by explaining that economics concerns the material world and is the science of material welfare. Everything that is material falls within the purview of economics. However, when it comes to the material world, there are many choices to be made. The decision of what to value and pursue is a subjective one. The importance of any material object in the economy is determined by the value people assign to it, which in turn affects its price according to the laws of supply and demand. The entire economic ecosystem prospers based on what people collectively desire. Spirituality, he explains, is what tells you what is truly valuable in life. A spiritual person is unlikely to attach great value to superficial things like a mere piece of metal or stone. This spiritual wisdom can save a person from much hardship, as without it, one might spend their entire life chasing things that do not truly matter. Therefore, good spirituality is good economics. He asserts that spirituality and worldliness are not separate domains; to succeed in the world, one needs to be spiritual. The punishment for not being spiritual is not a denial of some afterlife, but a ruined worldly life, which includes a ruined economic life. Acharya Prashant argues that spiritual illiteracy leads to all kinds of worldly, financial, and economic troubles. He provides several examples to illustrate this point. A person's decision to buy a house on a long-term loan, or a farmer taking loans for expensive rituals, are often spiritually unwise decisions that lead to financial bondage. Similarly, a student who fails an exam does so not due to a lack of time or intelligence, but because their material priorities are misplaced—choosing social media over their studies. This choice stems from a lack of wisdom. He concludes that because a person is spiritually poor, they often become academically and economically poor. Every decision in life, from choosing a career to a life partner, will go wrong if it is not taken from a spiritual standpoint. Spirituality is essential for making the right decisions at every step of life.